Royal Caribbean Hit With Another Stock-Drop Suit Over Handling Of COVID-19

(October 28, 2020, 2:06 PM EDT) -- MIAMI — Royal Caribbean Cruises Ltd. and certain of its senior executives violated federal securities laws by failing to disclose to investors that its business and financial condition had been adversely impacted by the novel coronavirus pandemic and misrepresenting the adequacies of Royal Caribbean’s policies and procedures implemented to fight the spread of COVID-19 on its cruise ships, an investor alleges in an Oct. 27 complaint filed in Florida federal court (Thomas Altomare v. Royal Caribbean Cruises Ltd., et al., No. 20-24407, S.D. Fla.)....

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